US to visit China for key trade talks

04/01/2019

Image copyright Getty Images A US delegation will visit China next week for talks aimed at defusing the trade war between the world’s two largest economies. The closely watched meeting follows a dismal week for US markets, with losses fuelled partly by trade fears.Last year, China and the US imposed tariffs on more than $300bn…

Image copyrightGetty Images

A US delegation will visit China next week for talks aimed at defusing the trade war between the world’s two largest economies.

The closely watched meeting follows a dismal week for US markets, with losses fuelled partly by trade fears.

Last year, China and the US imposed tariffs on more than $300bn (£237bn) worth of each other’s goods.

It will be the first face-to-face meeting since the two countries agreed not to impose new tariffs for 90 days.

US President Donald Trump and Chinese President Xi Jinping agreed to the temporary truce on 1 December on the sidelines of the G20 summit in Argentina.

On its website, China’s commerce ministry said the goal of the upcoming talks, to be held in Beijing on 7 and 8 January, will be “implementing the important consensus” reached by the two leaders.

The US team will be led by Deputy Trade Representative Jeffrey Gerrish, the ministry said.